The Opec oil price still matters (just not as much as before) – The Guardian (blog)

The Opec oil price still matters (just not as much as before)The Guardian (blog)A cursory glance at the history of the oil price since the second world war tells its own story. There are booms when the price of oil is low and busts when the cost of crude rises. Four spikes in oil since 1973 have been matched by four recessions …